Madison, WI
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1976 Q4 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is madison on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +4.9%
nominal +4.9%
Five years
Five years real +28.7%
nominal +49.0%
Ten years
Ten years real +50.4%
nominal +96.6%
Twenty-five years
Twenty-five years real +60.4%
nominal +184.1%
Since 2000
Since 2000 real +61.1%
nominal +193.5%
2007 to 2012
crash, real −16.8%
2007Q4 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 376.1 | 376.1 | real year on year +3.7% |
| 2025 Q4 | 362.7 | 362.7 | real year on year +4.3% |
| 2024 Q4 | 347.9 | 347.9 | real year on year +2.8% |
| 2023 Q4 | 328.8 | 338.5 | real year on year +5.4% |
| 2022 Q4 | 299.5 | 321.0 | real year on year +3.4% |
| 2021 Q4 | 268.2 | 310.5 | real year on year +8.4% |
| 2020 Q4 | 236.4 | 286.5 | real year on year +3.9% |
| 2019 Q4 | 224.7 | 275.7 | real year on year +2.3% |
| 2018 Q4 | 215.7 | 269.5 | real year on year +2.3% |
| 2017 Q4 | 205.9 | 263.5 | real year on year +3.8% |
| 2016 Q4 | 194.3 | 253.9 | real year on year +3.5% |
| 2015 Q4 | 185.4 | 245.4 | real year on year +3.6% |
| 2014 Q4 | 178.7 | 236.8 | real year on year +1.9% |
| 2013 Q4 | 172.5 | 232.3 | real year on year −0.7% |
| 2012 Q4 | 171.3 | 234.0 | real year on year −2.3% |
| 2011 Q4 | 171.8 | 239.6 | real year on year −4.7% |
| 2010 Q4 | 174.7 | 251.4 | real year on year −2.9% |
| 2009 Q4 | 177.1 | 258.9 | real year on year −1.7% |
| 2008 Q4 | 180.8 | 263.4 | real year on year −5.5% |
| 2007 Q4 | 184.3 | 278.8 | real year on year −2.2% |
| 2006 Q4 | 183.1 | 285.0 | real year on year −0.7% |
| 2005 Q4 | 178.6 | 286.9 | real year on year +3.4% |
| 2004 Q4 | 167.1 | 277.4 | real year on year +5.7% |
| 2003 Q4 | 153.9 | 262.4 | real year on year +5.2% |
| 2002 Q4 | 143.0 | 249.4 | real year on year +4.0% |
| 2001 Q4 | 135.3 | 239.7 | real year on year +1.7% |
| 2000 Q4 | 129.4 | 235.7 | real year on year +2.8% |
| 1999 Q4 | 121.8 | 229.3 | real year on year +3.9% |
| 1998 Q4 | 114.7 | 220.7 | real year on year +1.3% |
| 1997 Q4 | 111.5 | 218.0 | real year on year +1.0% |
| 1996 Q4 | 107.9 | 215.7 | real year on year +0.9% |
| 1995 Q4 | 103.8 | 213.7 | real year on year +2.6% |
| 1994 Q4 | 98.5 | 208.4 | real year on year +11.7% |
| 1993 Q4 | 85.9 | 186.5 | real year on year +2.1% |
| 1992 Q4 | 81.7 | 182.6 | real year on year +2.9% |
| 1991 Q4 | 77.0 | 177.4 | real year on year +2.0% |
| 1990 Q4 | 72.5 | 174.0 | real year on year +0.1% |
| 1989 Q4 | 68.7 | 173.8 | real year on year −1.2% |
| 1988 Q4 | 66.4 | 176.0 | real year on year +1.2% |
| 1987 Q4 | 63.0 | 173.9 | real year on year +1.2% |
| 1986 Q4 | 60.1 | 171.9 | real year on year +2.0% |
| 1985 Q4 | 57.8 | 168.7 | real year on year −3.7% |
| 1984 Q4 | 58.0 | 175.1 | real year on year −2.7% |
| 1983 Q4 | 57.1 | 179.9 | real year on year +8.3% |
| 1982 Q4 | 51.1 | 166.0 | real year on year −12.6% |
| 1980 Q4 | 49.9 | 190.0 | real year on year −13.2% |
| 1979 Q4 | 50.6 | 218.8 | real year on year +0.1% |
| 1978 Q4 | 45.5 | 218.6 | real year on year +5.9% |
| 1977 Q4 | 39.9 | 206.3 | real year on year +10.9% |
| 1976 Q4 | 33.8 | 186.1 | — |
2026 Q2376 · real 376real year on year +3.7%
2025 Q4363 · real 363real year on year +4.3%
2024 Q4348 · real 348real year on year +2.8%
2023 Q4329 · real 338real year on year +5.4%
2022 Q4300 · real 321real year on year +3.4%
2021 Q4268 · real 310real year on year +8.4%
2020 Q4236 · real 286real year on year +3.9%
2019 Q4225 · real 276real year on year +2.3%
2018 Q4216 · real 269real year on year +2.3%
2017 Q4206 · real 264real year on year +3.8%
2016 Q4194 · real 254real year on year +3.5%
2015 Q4185 · real 245real year on year +3.6%
Show all 50 years
2014 Q4179 · real 237real year on year +1.9%
2013 Q4173 · real 232real year on year −0.7%
2012 Q4171 · real 234real year on year −2.3%
2011 Q4172 · real 240real year on year −4.7%
2010 Q4175 · real 251real year on year −2.9%
2009 Q4177 · real 259real year on year −1.7%
2008 Q4181 · real 263real year on year −5.5%
2007 Q4184 · real 279real year on year −2.2%
2006 Q4183 · real 285real year on year −0.7%
2005 Q4179 · real 287real year on year +3.4%
2004 Q4167 · real 277real year on year +5.7%
2003 Q4154 · real 262real year on year +5.2%
2002 Q4143 · real 249real year on year +4.0%
2001 Q4135 · real 240real year on year +1.7%
2000 Q4129 · real 236real year on year +2.8%
1999 Q4122 · real 229real year on year +3.9%
1998 Q4115 · real 221real year on year +1.3%
1997 Q4112 · real 218real year on year +1.0%
1996 Q4108 · real 216real year on year +0.9%
1995 Q4104 · real 214real year on year +2.6%
1994 Q498 · real 208real year on year +11.7%
1993 Q486 · real 186real year on year +2.1%
1992 Q482 · real 183real year on year +2.9%
1991 Q477 · real 177real year on year +2.0%
1990 Q472 · real 174real year on year +0.1%
1989 Q469 · real 174real year on year −1.2%
1988 Q466 · real 176real year on year +1.2%
1987 Q463 · real 174real year on year +1.2%
1986 Q460 · real 172real year on year +2.0%
1985 Q458 · real 169real year on year −3.7%
1984 Q458 · real 175real year on year −2.7%
1983 Q457 · real 180real year on year +8.3%
1982 Q451 · real 166real year on year −12.6%
1980 Q450 · real 190real year on year −13.2%
1979 Q451 · real 219real year on year +0.1%
1978 Q445 · real 219real year on year +5.9%
1977 Q440 · real 206real year on year +10.9%
1976 Q434 · real 186—
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 31540. Real terms by the World Bank's US consumer price index, annual.